A major Edgewater mixed-use development featuring over 1,000 residential units is currently being planned by prominent real estate firm Crescent Heights. The company aims to utilize state incentives provided under Florida’s Live Local Act to construct the expansive urban project in Miami.
Known as Nema, the proposed project is designated for a 2.6-acre property located at 3180 Biscayne Boulevard. Plans detail a dual-tower structure where both high-rises will be joined at the base by a podium offering 105,000 square feet of dedicated commercial space.
Edgewater Mixed-Use Development Design and Unit Breakdown
The architectural plans outline two distinct residential towers positioned on the site. The eastern tower is designed to rise 49 stories high, housing 618 market-rate apartment units.
The second tower will contribute 412 residential units specifically set aside for workforce housing. These units are designated for households earning up to 120 percent of the area median income, expanding income-restricted options within the urban core.
Parking Provisions and Live Local Act Incentives
To accommodate residents and commercial patrons, the site plan incorporates 941 parking spaces. However, the development team is officially seeking a 50 percent reduction in standard parking requirements.
Crescent Heights plans to secure this reduction by combining zoning incentives from the Live Local Act with standard Miami 21 zoning waivers. The combination allows developers to build with lower parking ratios near transit corridors.
Key Details of the Proposed Nema Project
- Site Address: 2.6-acre property situated at 3180 Biscayne Boulevard in Miami.
- Total Planned Residences: 1,030 units distributed across two linked towers.
- Eastern Tower Features: 49 stories containing 618 market-rate apartments.
- Second Tower Features: 412 workforce housing units for households earning up to 120 percent of area median income.
- Commercial Integration: 105,000 square feet of commercial area within the connecting podium.
- Parking Specs: 941 spaces proposed, with a requested 50 percent waiver reduction via Miami 21 and Live Local Act guidelines.
Crescent Heights Leadership and Regional Pipeline
Crescent Heights operates under the leadership of partners Sonny Kahn, Russell Galbut, and Bruce Menin. The firm has established a major footprint in South Florida through various large-scale real estate initiatives.
In addition to the Biscayne Boulevard property, the developer is actively pursuing several other Live Local Act projects. Their current development pipeline includes active plans in Miami Beach as well as other South Florida municipalities.
Market Context for Edgewater Real Estate Investors
The Edgewater neighborhood along Biscayne Boulevard has seen consistent interest from residential developers due to its proximity to Downtown Miami, Midtown, and the Miami Design District. Mixed-use proposals combining market-rate and workforce housing reflect the growing utilization of state legislative tools like the Live Local Act across urban Miami.
For prospective real estate buyers and investors, monitoring large-scale high-density developments provides valuable insight into zoning trends and neighborhood growth. As projects like Nema proceed through local approvals and municipal review, they highlight how evolving parking requirements and legislative incentives continue to shape South Florida’s urban landscape.
Source: World Red Eye
